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Deterministic versus Random Utility: Implied Patterns of Vertical Product Differentiation in a Multi-Product Monopoly
Behrens, Christiaan; Lijesen, Mark; Pels, Eric; … - 2012
In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random utility model. Prior research shows that applying such a model in a multi-product setting implies symmetric patterns of product differentiation in which all product variants of a...
Persistent link: https://www.econbiz.de/10010326348
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Market Segmentation and the Response of the Real Interest Rate to Monetary Policy Shocks
Occhino, Filippo - 2004
Following a contractionary monetary policy shock, the aggregate output decreases over time for six to eight quarters, while the real interest rate increases immediately and remains high for three quarters. Full participation models can hardly replicate the joint response of the aggregate output...
Persistent link: https://www.econbiz.de/10010263223
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Market segmentation in two-sided markets: TV rights for Premier League
Kind, Hans Jarle; Sørgard, Lars - 2013
This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...
Persistent link: https://www.econbiz.de/10010291542
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A compass to guide EU policy in support of business competitiveness
Erixon, Fredrik; Guinea, Oscar; Lamprecht, Philipp; … - 2022
The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...
Persistent link: https://www.econbiz.de/10014560176
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Does product market competition reduce inflation? Evidence from EU countries and sectors
Przybyla, Marcin; Roma, Moreno - 2005
In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … survey based “intensity of competition” variable. Results for both aggregate and sectoral panels show that the extent of …
Persistent link: https://www.econbiz.de/10011604499
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A global assessment of the degree of price stickiness – results from the NBB business survey
Dhyne, Emmanuel - 2009
find that domestic competition does not seem to explain an excess or shortage of price changes at the sectoral level …
Persistent link: https://www.econbiz.de/10011506691
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The Choice of Prices vs. Quantities under Uncertainty
Reisinger, Markus; Reßner, Ludwig - 2007
variable that induces a smaller degree of competition. The reason is that demand uncertainty and the degree of substitutability …
Persistent link: https://www.econbiz.de/10010427484
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Submarket identification in property markets: A hedonic housing price model for Glasgow
Day, Brett - 2003
This paper presents a hedonic housing price model for the city of Glasgow in Scotland. The major innovation of the research is the use of hierarchical clustering techniques to identify property submarkets defined by a combination of property types, locations and socioeconomic characteristics of...
Persistent link: https://www.econbiz.de/10010319004
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What price peace? A comprehensive approach to the specification and estimation of hedonic housing price models
Day, Brett; Bateman, Ian; Lake, Iain - 2003
Previous work on hedonic price functions tends to have focused on one of a number of specification and estimation issues; namely, market segmentation, choice of functional form, multicollinearity or spatial autocorrelation. The purpose of this paper is to bring together these various strands to...
Persistent link: https://www.econbiz.de/10010319038
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Money market integration
Bartolini, Leonardo; Hilton, Spence; Prati, Alessandro - 2005
We use transaction-level data and detailed modeling of the high-frequency behavior of federal funds-Eurodollar yield spreads to provide evidence of strong integration between the federal funds and Eurodollar markets, the two core components of the dollar money market. Our results contrast with...
Persistent link: https://www.econbiz.de/10010283409